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Matthew Galownia

Matthew Galownia 609-234-6472 609-391-0500x314

1670 Boardwalk, Ocean City

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For Sale 224 21st, Avalon, NJ, 08202

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224 21st, Avalon, NJ, 08202

$2,100,000

Matthew Galownia
  • Buyer Agent Compensation: N/A
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  • Mixed Use

  • 0

Amazing Mixed-Use Investment Opportunity in Avalon’s Business District! This unique property offers an exceptional chance to own a mixed-use building in the heart of Avalon’s thriving business district. With a commercial restaurant space on the first floor and a spacious two-story residence on the upper levels, this property is perfect for investors or those wanting to live in a vibrant community while generating rental income. The first floor features a high-visibility restaurant space ideally situated in Avalon’s bustling district. It includes an updated interior and is currently home to one of Avalon\'s most iconic businesses. The commercial unit has a separate entrance from the residential space, providing privacy for both tenants or owners. This space offers a fantastic opportunity for a restaurateur looking to make their mark or for an investor seeking a reliable rental property in a prime location. The upper residential unit boasts a spacious, comfortable two-story layout with four bedrooms and two full bathrooms. Its open-concept living and dining area is filled with natural light, complemented by an updated kitchen with modern appliances. This versatile unit is perfect for an owner-occupant or as an additional source of rental income. Located in Avalon’s vibrant commercial area with strong foot traffic, this property is an incredible investment opportunity with multiple income streams. You could live in the residential unit while renting out the commercial space, or lease both for even greater returns. Please note that the sale is subject to the final condominium conversion process. The sale consists of real estate only. The business and and owner\'s equipment are not included in the sale. Don’t miss this rare chance to own a mixed-use gem in Avalon’s sought-after business district. Contact us today to schedule a viewing and explore the possibilities this property offers.

Listing courtesy of: A LEWIS PURDY REAL ESTATE INC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Cape May Multiple Listing Service. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Information is deemed to be accurate but not guaranteed. Copyright Cape May Multiple Listing Service. All rights reserved.
Total Rooms
Full Bath
# of Stories 2
Year Build
Lot Size
Tax 6496.00
SQFT
ExteriorWood/Frame
InteriorFeaturesLiving Space Available
CoolingCentral Air Conditioning, Electric
WaterCity
Bedrooms 0
Half Bath
# of Stories 2
Lot Dimensions CONDO
# Units
Tax Year 2023
Area Avalon
ParkingGaragePaved
HeatingGas Natural, Electric, Forced Air
HotWaterElectric
SewerCity
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Nearby Listings

Amazing Mixed-Use Investment Opportunity! This unique property offers an exceptional chance to own a mixed-use building in the heart of Avalon’s thriving business district. With a spacious two-story residence on the upper levels, and a commercial restaurant space on the first floor, this property is perfect for investors or those wanting to live in a vibrant community while generating rental income. The upper residential nine room unit boasts a spacious, comfortable two-story layout with open-concept living and dining area is filled with natural light, complemented by an updated kitchen with modern appliances, four bedrooms, two baths and a private deck. This versatile unit is perfect for an owner-occupant or as an additional source of rental income. The first floor features a high-visibility restaurant space ideally situated in Avalon’s bustling district. It includes an updated interior and is currently home to one of Avalon\'s most iconic businesses. The commercial unit has a separate entrance from the residential space, providing privacy for both tenants or owners. This space offers a fantastic opportunity for a restaurateur looking to make their mark or for an investor seeking a reliable rental property in a prime location. Located in Avalon’s vibrant commercial area with strong foot traffic, this property is an incredible investment opportunity with multiple income streams. You could live in the residential unit while renting out the commercial space, or lease both for even greater returns. Please note that the sale is subject to the final condominium conversion process. The sale consists of real estate only. The business and owner\'s equipment are not included in the sale. Don’t miss this rare chance to own a mixed-use gem in Avalon’s sought-after business district. Contact us today to schedule a viewing and explore the possibilities this property offers.

Property 2

224 21st, Avalon

  • 4

  • 2.0

  • $2100000

Welcome to this amazing turnkey, renovated unit in the heart of Avalon! From contemporary design elements to chic finishes, every detail has been carefully curated to offer a stylish living experience. Absolutely, this unit offers an unbeatable combination of comfort, style, and location. Whether you\'re looking for a cozy retreat, a stylish abode, or a convenient spot close to everything, this property checks all the boxes. With 2 spacious bedrooms and 2 bathrooms, this property is designed for easy living and entertainment. Step inside to discover an inviting living space featuring new luxury vinyl plank flooring throughout, new fireplace wall with electric fireplace insert and mounted TV, New recessed lighting and pull-out couch that converts to a queen-size bed. The well-appointed kitchen is equipped with a new range and dishwasher. Enjoy meals in the cozy dining area, perfectly suited for intimate gatherings. The well-appointed guest bedroom boasts custom shelving, new lighting and ceiling fans and a custom shiplap wall. The hall/guest bathroom was completely renovated in 2023, ensuring modern amenities and style. In the ensuite bedroom, you\'ll find new recessed lighting, new built in cabinetry and new fireplace mantle with electric fireplace insert and mounted TV. The ensuite bathroom, also renovated in 2023, features luxurious Carrera marble tile and countertop. The indoor/outdoor living experience is enhanced by a 7’x16’ deck with lights and seating for entertaining. Additional features include: New HVAC installed in 2023, under deck storage with bypass doors for beach chairs, kayak, and paddleboards, all new interior solid doors and hardware, and bike storage rack in the parking lot. This unit offers a rare opportunity to own a property in Avalon for under one million, making it an exceptional find. The proximity to the business district adds convenience, with easy access to all your favorite shops and restaurants making it a perfect spot for convenience and lifestyle. Don\'t miss out on the opportunity to make this incredible home yours! Schedule a viewing today and see for yourself why this is the perfect place for you.

Property 2

234 21st, Avalon

  • 2

  • 2.0

  • $915000